Crony capitalism related news.
Thanks to new guidance from the Federal Accounting Standards Advisory Board, government agencies will now be allowed to modify public financial statements, making it possible to distort or even conceal financial records and avoid public scrutiny over specific budget items.
Government tax incentives used to lure large corporations can have an unintended, and negative, impact on the local economy.
Is the Department of Energy’s loan and loan guarantee program for renewable-energy companies worth risking the government, and ultimately taxpayers, billions of dollars in losses, like it may in the PG&E crisis?
Politicians are requiring that more and more professions have a license to operate, despite the complete lack of public health or safety risks and the known negative impact on the economy.
…of the day. No spin. No tabloid trash.
(From ABC News) California Sen. Kamala Harris announced Monday that she will run for president in 2020, joining an increasingly crowded field of Democrats seeking to challenge President Donald Trump. Harris’ announcement, made on “Good Morning America,” comes following months...
(From NBC News) With a second U.S.- North Korea nuclear summit looming in February, researchers have discovered a secret ballistic missile base in North Korea — one of as many as 20 undisclosed missile sites in the country, according to...
(From Reuters) U.S. President Donald Trump pursued a business deal to erect a tower bearing his name in Moscow throughout 2016, his attorney said on Sunday, raising new questions for congressional investigators looking into possible ties between the president and...
(From Reuters) China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a...
(From The Guardian) Israel has struck several targets in Syria as part of its increasingly open assault on Iran’s presence in the country, shaking the night sky over Damascus with an hour of loud explosions in a second consecutive night...
(From Politico) Ireland Sunday rejected the idea of negotiating a bilateral agreement with the U.K. as an alternative to the so-called backstop mechanism for avoiding a hard border with Northern Ireland after Brexit. . . . The Sunday Times had...
Sadly “states rights”, for many, conjures images of George Wallace and water cannons. And rightly so. The idea of “states rights” is associated very legitimately with opposition to the civil rights movement. This is reality. However the idea of broad...
A key point must be made. The riches the crony class enjoy, to a very large degree are a result of crony capitalism, cronyism, state capitalism, public/private partnerships, and governments that are large and powerful. They don’t enjoy the riches...
(From FiveThirtyEight) While there have been other newsworthy events over the past few weeks, such as turnover among Trump’s senior staffersand a wobbly stock market, the shift is well-timed to the start of the shutdown on Dec. 22. Trump’s approval...
(From Politico) The severity of Ginsburg’s current health condition pales in comparison with the ailments that have afflicted many of her predecessors on the bench—and unlike them, there is no sign that she has lost any of her intellectual edge....
